Bank Insurance Revenues Rose 7.2% In 2008

November 6th, 2009

Revenue Insurance companies total commercial bank operations (SPB), excluding MetLife, rose 7.2 percent last year from 10.15 billion dollars in 2007 to 10 $ 88 billion, according to a study.

The report, which was published yesterday by Radnor, Pennsylvania-based Michael White Associates with the American Bankers headquartered in Washingtobn, noted that MetLife “does not engage in significant banking activities.”

Citigroup Inc., New York, Wells Fargo & Company, San Francisco and Bank of America Corporation, Charlotte, NC, is head of bank holding companies with significant banking activities in total income of insurance costs in 2008 by report.

The companies said the findings are based on data reported to the Federal Reserve by Top-tier large bank holding companies. The analysis measures the insurance business in the banking industry and provides some benchmarks that Bank Performance meter insurance.

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